As per news report, Apple is planning to take over California-based virtual reality company NextVR. The deal will be worth $100 million.
NextVR involves VR with sports, music, and entertainment, offering VR experiences for watching live events on VR headsets from PlayStation, HTC, Oculus, Google, Microsoft, and other manufacturers, reports MacRumors.
According to the NextVR website, the company has established partnerships with the NBA, Wimbledon, Fox Sports, the WWE and more.
In recent years, the company was struggling and reduced 40% of its staff.
The NextVR employees have been told that they will need to relocate from Southern California to Cupertino.
Apple's rumoured augmented reality (AR) glasses are also under development and may launch by 2022.
The company is developing two head-worn products, including a combination AR/VR headset for release in 2022 and "full-fledged" AR glasses for release by 2023.
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